A Firm Needs Spare Cash Because During Economic Downturns, Sales

question 63

Multiple Choice

A firm needs spare cash because during economic downturns, sales may fall below expectations while outflows could prove higher than was budgeted.Firms sell their accounts receivable at a discount for the purpose of:

• A)Finance motive
• B)Transactions motive
• C)Speculative motive
• D)Obtaining short-term financing

Comprehend the micro and macro levels of societal analysis.

Understand the role of feminist theory in sociology.

Grasp the importance of discourse in shaping societal views and knowledge.

Recognize the impact of historical events on the development of sociological theories.

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Definitions:

Adaptation-level Phenomenon

The human tendency to judge new experiences by comparing them to past experiences or to what we've grown accustomed to.

Do-good,feel-good Phenomenon

Suggests that participating in altruistic behaviors, such as helping others, leads to personal happiness and well-being.

Buying Power

The capacity of an individual or organization to purchase goods or services, often influenced by income and economic conditions.

Personal Happiness

An individual's subjective state of well-being and satisfaction with life.